By Colin Hanner
Chicago, June 6 – GS Caltex Corp. priced $400 million 3% five-year notes at 99.839 on Monday, a market source said.
The Rule 144A and Regulation S bonds carry a yield equivalent to five-year U.S. Treasuries plus 130 basis points, on top of final price talk and tighter than initial talk in the Treasuries plus 155 bps area.
Citigroup, BofA Merrill Lynch and BNP Paribas were the bookrunners for the deal.
Proceeds of the notes (Baa2/BBB) will be used primarily for general corporate purposes, including refinancing of current borrowings, Moody’s Investors Service and S&P Global Ratings said in news releases.
GS Caltex is an oil refiner based in Seoul, South Korea.
| Issuer: | GS Caltex Corp.
|
| Description: | Notes
|
| Amount: | $400 million
|
| Maturity: | 2022
|
| Bookrunners: | Citigroup, BofA Merrill Lynch and BNP Paribas
|
| Coupon: | 3%
|
| Price: | 99.839
|
| Yield: | Five-year U.S. Treasuries plus 130 bps
|
| Trade date: | June 5
|
| Ratings: | Moody’s: Baa2
|
| S&P: BBB
|
| Price talk: | Five-year U.S. Treasuries plus 130 bps, tightened from Treasuries plus 155 bps area
|
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